Logitech International S.A. · LOGI · FY2027 Q1 · Calendar Q3 2026
Logitech posts 5% Q1 growth as supply risk clouds outlook
Logitech’s Q1 results support a constructive operating trajectory: sustained growth, premium product demand, and B2B expansion were intact, but the next-year case depends on converting that demand into durable growth without relying on tariff refunds and while containing supply disruption.
Earnings scorecard
Reported versus consensusMarket reaction
event-close to next-session closeAsk FN2 about LOGI FY2027 Q1
Transcript, numbers and history already loadedFree account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The latest quarter added evidence of continued demand: Q1 constant-currency sales grew 5%, with double-digit growth in gaming, video collaboration, and pointing devices. At the same time, management disclosed a semiconductor supplier shutdown that could affect Q2 and Q3 sales, making supply execution a more immediate risk than in the prior analysis.
Guidance delta
Management maintained the FY27 outlook; Q2 guidance targets 0–3% sales growth and a 15–18% operating-margin range.
Key takeaways
- Q1 net sales grew 5% in constant currency, extending the growth streak to 10 quarters.
- Gaming, video collaboration, and pointing devices delivered double-digit growth led by premium products.
- Non-GAAP gross margin reached 44.8% excluding refunds, helped by mix, FX, and cost reductions.
- A semiconductor supplier shutdown is estimated to affect $20 million of Q2 sales and up to $200 million in Q3.
- Management maintained FY27 guidance while emphasizing innovation and B2B expansion.
Management priorities
- Continue premium product launches across gaming and pointing devices.
- Expand B2B video collaboration and personal workspace penetration.
- Invest incrementally in innovation and the long-term product pipeline.
- Use AI features to strengthen video-solution value propositions.
- Diversify and dual-source critical components.
Follow LOGI with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeCompany context
Snapshot as of publicationLogitech International S.A., a Swiss-based corporation founded in 1981 and headquartered in Lausanne, specializes in designing, manufacturing, and globally distributing an extensive array of devices that connect individuals to digital and cloud experiences. Its comprehensive product line encompasses various input peripherals, such as wireless mice, a wide range of keyboards (including corded, cordless, living room-specific, and keyboard-and-mouse combinations), PC webcams, and keyboards tailored for tablets and smartphones. For the gaming community, Logitech provides performance-focused keyboards, mice, headsets, and immersive simulation hardware like steering wheels and flight sticks.…
Historical context
All LOGI earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| GLW Corning Inc | FY2026 Q3 · Calendar Q4 2026 | +3.3% | -1.1% | Corning Q3: Optical growth leads, solar remains a drag |
| STX Seagate Technology Holdings plc | FY2027 Q1 · Calendar Q4 2026 | +3.1% | +3.7% | Seagate posts record quarter as HAMR and AI storage demand accelerate |
| NXPI NXP Semiconductors N.V. | FY2026 Q3 · Calendar Q4 2026 | — | +3.1% | NXP posts strong Q3 as SDV and AI demand drive growth |
| MANH Manhattan Associates, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -1.0% | Manhattan Associates: Cloud Growth and RPO Momentum Continue |
| FFIV F5, Inc. | FY2026 Q4 · Calendar Q4 2026 | — | -0.5% | F5 pairs AI-security investment with 8%-9% FY27 growth outlook |
| CLS Celestica Inc. | FY2026 Q3 · Calendar Q4 2026 | +12.6% | +12.1% | Celestica raises outlook as AI networking demand accelerates |
Latest beats and misses
Who reports nextBeat on EPS
- HOODFY2026 Q3 · October 27, 2026+7.5% EPS+1.9% move
- PCARFY2026 Q3 · October 27, 20260.0% EPS-0.6% move
- VFY2026 Q4 · October 27, 2026+1.2% EPS-0.6% move
- FCXFY2026 Q3 · October 27, 2026+8.0% EPS+1.2% move
- HUBBFY2026 Q3 · October 27, 2026+2.8% EPS-5.5% move
- RCLFY2026 Q3 · October 27, 2026+3.0% EPS+5.5% move
Missed on EPS
- ARCCFY2026 Q3 · October 27, 2026-3.4% EPS-0.5% move
- WSOFY2026 Q3 · October 27, 2026-8.0% EPS-1.4% move
- IVZFY2026 Q3 · October 27, 2026-2.7% EPS-0.4% move
- SHWFY2026 Q3 · October 27, 2026-1.6% EPS-2.7% move
- BAFY2026 Q3 · October 27, 2026-33.4% EPS-10.7% move
- AREFY2026 Q3 · October 26, 2026-13401.8% EPS-5.9% move
Get the LOGI recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-07-31T14:08:03.265453+00:00
- FN2 earnings calendar · 2026-09-02T01:23:14.593608+00:00
- Polygon adjusted daily market bars · 2026-10-28T08:10:40.636516+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-28T08:10:40.633728+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-28. For educational purposes only; not investment advice.